VA Bday rule

[vic120]

So what's the skinny?

Are there any carrier paying commission ?
what documents might be needed

I have a client who I will move even if I cant get comp

 

[MP9393]

Did they pass this rule? i thought it was stuck in limbo

 

[vic120]

Did they pass this rule? i thought it was stuck in limbo

They said it was on a Facebook group forget which one but a Medicare group I get notices for a few

 

[vic120]

Status

Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Passed on March 24 2025 - 100% progression
Action: 2025-03-24 - Approved by Governor-Chapter 530 (Effective 07/01/25)
Text: Latest bill text (Enrolled)

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[DonP]

I'm reading probably the standard $25

 

[yorkriver1]

Hello people in birthday rule states, now VIrginia. What is the churn rate?
How do agents make out in those states?

 

[MSLLC]

They are making good progress in Maryland with moving though a producer compensation requirement for the Birthday Rule. Must pay the same as OE. Of course, OE comp could go down as a result

 

[cmlynch100]

I am very worried about this from the broker perspective. I would assume everyone is going to switch at their birthday to the lowest cost option and GI commissions aren't enough to my agency in business. Does anyone have experience in a state that made this transition and what it did to your renewal book?

 

[Millwood]

They are making good progress in Maryland with moving though a producer compensation requirement for the Birthday Rule. Must pay the same as OE. Of course, OE comp could go down as a result

In Oklahoma we've had the Birthday Rule going on 2 years. It was done administrationally vs Legislativeĺy.
Language specifically calls it Open Enrollment. Most Insurers refuse to pay it as OE. They say it's GI. OKlahoma Insurance Dept. will not enforce its' own language. Who suffers most? The insured. Then the agent. Most agents are putting majority of BR with Blue Cross because they pay full comp. ACE will pay at somewhat reduced commision. It will be interesting if this blows up their blocks of business.
My experience is it's not that easy for someone to switch every year.
1.No agent is going to switch someone every year for $25 .
2. It takes some effort to switch without an agent.
Some companies will enroll directly, many will not.
One thing that has become extremely clear is agents have no one looking out for them.
Crickets from the IMOs FMO , big broker aggregators, etc.

 

[Todd King]

The only thing I know at this point is that Physicians Mutual has said they treat it just like Open Enrollment with full comp.

Oh, and it starts July 1st, 2025.